Maurya Anandkumar Radheshyam

CM4050

Mega infrastructure projects, characterized by their large scale, high capital investment, and extended timelines, play a crucial role in driving economic development and improving societal well-being. However, their complexity and interdependence often expose them to a wide range of risks, including financial, technical, operational, environmental, and regulatory uncertainties. Effective risk management in such projects is not merely a reactive process but a proactive approach to identify, assess, mitigate, and monitor potential risks throughout the project lifecycle. Given the intricate nature of these projects, poor risk management can lead to cost overruns, schedule delays, quality issues, and, in extreme cases, project failure.